Motilal Oswal Mutual Fund introduces Nasdaq 100 Fund of Fund (MOFN100FOF)

Motilal Oswal Mutual Fund launched the Motilal Oswal Nasdaq 100 Fund of Fund (MOFN100FOF), an open ended fund of fund scheme. The NFO opens for subscription on November 09, 2018 and closes on November 22, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 500 and in multiples of Re 1.

The scheme’s performance will be benchmarked against NASDAQ-100 Index and its fund managers are Ashish Agrawal, and Abhiroop Mukherjee.

The investment objective of the scheme is to seek returns by investing in units of Motilal Oswal Nasdaq 100 ETF.